Fort Worth weekly gazette. [volume] (Fort Worth, Tex.) 1882-1891, 1887-04-01
WEEKLY TRADE REVIEW
The Balance Of Trade Against the
United States Imports Being
Larger than for Many Years.
speculation Generally Dada Plentiful
Supply OF Money Obtaipablo from
England and the East.

NEW YORK, March 25.-R. G. Dun &
Co., in their weekly trade review say:
April is close at hand and some anxiety
as 10 the money market is usual at this
season. The banks have been sending
lerge amounts to the interior through de-
kposits al the treasury, and issues CT sill
yer certificates elsewhere and there has
also been heavy demand for PnilaGel-
Sphis exchange, so that & further decline
in reserves is expected. The western
s md southern demand for money
As been intensified By the de-
l9z11lfe to ship products before the
interstate act and the change of rates
go into effect. Though the demand at
Chicago is reported assdimInishing, the
rates are and s per cent. All CirCum-
4 stances make it comparatively easy for
an operator to produce tight money if he
Spleased. The treasury has tai en- in ST.
10000 more gold than it has paid out
during the past week, but has added 49,
1000, 900 to the outstanding silver certh-
icates, snd has put out some legal tenders
IalsO. The reduction OF rates by
tine Bank of England and the abund-
lance of money there favor continued
ease in this market, as does a larger
for three weeks being Is Pr cent. larger
than last year, with imports u per cent.
Alarger. February official reports show
an increase of $780, 900 in exports over
Hast year, this amount being the largest
ssince 1888, but the imports were the
largest on record for many years in Feb
ruary, and the excess of imports was ST.
' pa 1857, gold exports for the month ex-
cpedinu imports bV 81 533 1855
Railroad business has been large, west
/. bound shipments from the chief eastern
Beetles were IA, 100 tons in February
e43gainst l54 $50 last year, but east bound
ESSSonnage was al $50 tons against $50 294
tons last year. The Temporary ACTIVITY
7 rof March does not indicate q larger
4 business after the change of rates, how
! ever, nor is the building Of GIG miles OF
{ road against 296 to date last year 8 safe
= indication as to the future.
Reports regarding the iron business are
not favorable, imports evidently having a
depressing effect. 1t would not be strange
if reaction should begin. The rise
which began in 1871 lasted twenty
Amonths, the rise which began in 1873
FAIsteG sixteen months, and the rise which
,3egan in 1885 has now lasted about
SeiGhteen months.
Inc volume OF leSlllmate business is
large and increasing as the exchanges
and tonnage record show, But specula-
ton in most markets is dead.
Oil speculation suffers from pending
bills in Ohio and Pennsylvania.
Pork products have reacted 4 little.
Woolls lower, the demand for goods
being slack.
Wheat has declined l cent; corn
about J, and oats shade with unusually
small sales and large receipts. Cotton
has advanced / and coffee a cent, and
beef Is stronger, but prevailing uncer-
tainty affects most branches of bust
ness unfav arsbly, except as transac-
tions are fastening to make shipments
by rail before change in rates and the
expiration of contracts.
Business failures during the last seven
sdsy.asSnber for the United StateF, 2I8;
oT%Rada, Al; total, 259; against 220
last week and 22l for q corresponding
week last year. Casualties this week are
considerably above an average in the
southern states and Canada. In New
York city there were ten failures, in New
England states thirty-four and in the
middie states four.